Comstock Resources put volume heavy and directionally bearish

Bearish flow noted in Comstock Resources (CRK) with 3,594 puts trading, or 7x expected. Most active are Mar-25 15 puts and Mar-25 18 puts, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 4.46, while ATM IV is up over 1 point on the day. Earnings are expected on February 18th.

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